Gaurs Group redcues its debt by 35% in last three years
Real Estate

Gaurs Group redcues its debt by 35% in last three years

Gaurs Group has reduced its debt by 35% to Rs 1,550 crore in the last three years through improved cash flow from residential projects in Delhi National Capital Region (NCR).

Investment Information and Credit Rating Agency of India (ICRA) has awarded BBB+ with a stable outlook rating to Gaura Group. The company told the media that the up-gradation in the rating has reflected in debt reduction.

Chairman and Managing Director of Gaurs Group, Manoj Gaur, said that the rating is a sign of approval for the greatest security in terms of financial commitments.

He said that the company has delivered around 35,000 property units in the last five years.

Director of Gaurs Group, Sarthak Gaur, said that the company would be launching projects in Noida, Delhi and Ghaziabad, focusing on luxury housing.

Chief Financial officer of Gaurs Group, Vineet Singhal, told the media that the company had reduced debt to about Rs 1,550 crore from Rs 2,400 crore in the last two to three years.

He added that the company has receivables of nearly Rs 2,000 crore from sold properties, while the remaining construction cost is just Rs 400 crore. The company will reduce its debt by Rs 500 crore in nine months, while the outstanding loans are from banks and non-banking financial companies (NBFCs).

The rating takes into account the better-than-expected financial performance of the company, positive revenue growth, increased operating profits and improved profit margins.

Singhal said that the company is to acquire new projects through purchasing land parcels and joint development agreements (JDAs) to expand its business.

It is developing two new township projects in Greater Noida and Yamuna Expressway, Uttar Pradesh.

Image Source

Gaurs Group has reduced its debt by 35% to Rs 1,550 crore in the last three years through improved cash flow from residential projects in Delhi National Capital Region (NCR). Investment Information and Credit Rating Agency of India (ICRA) has awarded BBB+ with a stable outlook rating to Gaura Group. The company told the media that the up-gradation in the rating has reflected in debt reduction. Chairman and Managing Director of Gaurs Group, Manoj Gaur, said that the rating is a sign of approval for the greatest security in terms of financial commitments. He said that the company has delivered around 35,000 property units in the last five years. Director of Gaurs Group, Sarthak Gaur, said that the company would be launching projects in Noida, Delhi and Ghaziabad, focusing on luxury housing. Chief Financial officer of Gaurs Group, Vineet Singhal, told the media that the company had reduced debt to about Rs 1,550 crore from Rs 2,400 crore in the last two to three years. He added that the company has receivables of nearly Rs 2,000 crore from sold properties, while the remaining construction cost is just Rs 400 crore. The company will reduce its debt by Rs 500 crore in nine months, while the outstanding loans are from banks and non-banking financial companies (NBFCs). The rating takes into account the better-than-expected financial performance of the company, positive revenue growth, increased operating profits and improved profit margins. Singhal said that the company is to acquire new projects through purchasing land parcels and joint development agreements (JDAs) to expand its business. It is developing two new township projects in Greater Noida and Yamuna Expressway, Uttar Pradesh. Image Source

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?